504-3
Program Scope; For GSLP: ED estimates that total FY 1984 loan volume
amounted to about $7.6 billion, compared with $6.7 billion 1n FY 1983. In
FY 1984, 3.3 million students received loans compared to 2,9 million the
year before.
For Pius/Auxiliary: ED estimates that FY 1984 PLUS/Auxiliary Loans amounted
to $369 million, while In FY 1983 this component of the program was $257
million. 141,000 persons participated in the PLUS/Auxiliary program 1n
FY 1984, compared with 100,000 in FY 1983.
For both program components, we estimate that cumulative outstanding loan
volume amounted to $33,000 billion in FY 1984 and $27,500 billion in FY 1983.
Table 1 displays these data for 1981-82 to 1983-84.
Table 1
Summary of Loan Volume (in millions)
and Numbers of Recipients (1n thousands)
Academic Years 1981-82, 1982-83, and 1983-84
1981-82 1982-83 1983-84
Regular Loans
Loan volume $6,135 $6,671 $7,557
Recipients 2,746 2,939 3,285
Average Loan $2,234 $2,269 $2,360
PLUS/Auxill.ary Loans
Loan volume $ 103 $ 257 $ 369
Recipients 42 100 141
Average Loan $2,470 $2,571 $2,625
Total
Loan volume $6,238 $6,928 $7,926
Recipients 2,788 3,039 3,426
Average loan $2,238 $2,279 $2,314
Total Cumulative
Outstanding
Loan Volume $22,700 $27,500 $33,000
SOURCE: See 1.2 below progressively more
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